U.S. Stocks Open Lower As Earnings Disappoint

U.S. stocks opened lower on Monday as investors digested disappointing earnings results form Morgan Stanley and weak data from China. A drop in oil prices weighed on energy shares. The S&P 500 opened 7 points, or 0.4%, lower at 2,025. The Dow Jones Industrial Average fell 57 points, or 0.3%, to 17,164. The Nasdaq Composite began the day down 12 points, or 0.3%, at 4,875.

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